US Cattle Market Downturn Sparks Bullish Outlook for Soybean Oil

The US Government's efforts to lower cattle prices may have taken an unexpected turn last week. According to recent reports, the government chose to reopen the US Southern Border to cattle imports from Mexico, which led to a significant market downturn.

The October '26 Feeder Contract and beyond are expected to be months to sell, according to some analysts. The November '26 Feeder Cattle Trade was put on by one expert, who believes it could be much lower by the end of the week due to the influx of new cattle imports from Mexico.

The December '26 Soybean Oil market is expected to benefit from this development, as demand for vegetable oils skyrockets. With US soybean conditions declining and global production decreasing, prices are likely to rise in the near term and long term. The expert predicts that December '26 Soybean Oil could trade into the 80's by the end of the year.